Starlight Capital Review: The Truth Behind Starlight Capital
Starlight Capital is an online brokerage firm that provides Forex/CFD trading services to clients worldwide. Their trading platform, which is web-based, boasts of providing access to the broadest range of assets available in the industry, such as currency pairs, commodities, stocks, and more.
Similarly, this company prides itself on offering traders low trading costs, with highly competitive spreads, commissions, and minimal margins. According to them, their platform provides traders with a secure and user-friendly trading experience.
However, whether these claims are true or not will be revealed in our comprehensive Starlight Capital review.
|Broker status:||Unregulated Broker|
|Regulated by:||Unlicensed Scam Brokerage|
|Blacklisted as a Scam by:||N/A|
|Cryptocurrencies:||Yes, BTC, ETH|
|Types of Assets:||Forex, stocks, indices, crypto, and commodities|
|Free Demo Account:||No|
|Accepts US clients:||No|
Is Starlight Capital a Regulated and Licensed Broker?
We have conducted extensive research and analyzed customer feedback and reviews. Yet, the question of whether Starlight Capital is a trustworthy online broker remains a topic of concern. The broker claims to offer a secure and user-friendly platform. Still, there have been several reports of questionable practices and suspicious behavior.
This firm is an online trading firm that offers Forex/CFD products. They provide traders with access to a variety of assets, including stocks, commodities, and currency pairs. They offer good trading costs, low margins, and a user-friendly trading platform. Yet, are they legit? We will review Starlight Capital to determine whether these claims are accurate.
Some people have complained about experiencing unexpected margin calls and slippage. Also, others have raised concerns about delayed withdrawal processes and inadequate customer support. Additionally, Starlight Capital is not regulated by any reputable financial authority. This raises further questions about the safety and reliability of its services.
In conclusion, it is tricky to verify the trustworthiness of this company as an online broker, given the numerous red flags and customer complaints. It is advisable to exercise caution and conduct thorough research before investing your funds in this broker.
Starlight Capital does not have licenses from top-tier regulatory powers such as the FCA, ASIC, or BaFin, which may raise concerns.
Traders’ Perspectives on Starlight Capital: An Overview
As of writing, there have been 27 reviews of Starlight Capital on TrustPilot, yielding an average score of 2.8 stars – a rating deemed as “average.” Negative feedback in the form of 1-star reviews accounted for 55% of the total reviews, while positive 5-star ratings made up only 26%.
Although the feedback for www.starlightcapital.io has been a mixed bag, this is a common occurrence on various websites. Therefore, it’s crucial to exercise caution when considering using their services.
Note: Exercise caution when dealing with companies such as Starlight Capital, Thunder Markets, and other controversial enterprises.
Starlight Capital Platforms – A Software Comparison
Starlight Capital’s web-based trading platform claims to offer advanced trading tools and elements crucial for victorious trading. With lightning-fast order execution and many customizable indicators and charting tools, traders have access to real-time market information.
Besides, the platform provides price alerts and customizable layouts to enhance the trading experience. Its web-based interface allows traders to access the platform on both desktop and mobile devices, offering the flexibility to trade from anywhere at any time. Despite the broker’s suspicious reputation, Starlight Capital’s platform appears to offer a comprehensive and accessible trading solution for those looking to invest in the financial markets.
What Financial Instruments Does the Platform Include?
When selecting a brokerage, it’s crucial to consider the trading instruments they offer. After all, these are what you will trade, and the profits you make will depend on them. While it’s natural to have high expectations about your earnings, remember that it ultimately depends on what you trade.
Starlight Capital offers a broad range of trading instruments from various financial markets. This provides options that cater to every trader’s budget, risk appetite, and trading strategy. Despite the broker’s suspicious reputation, traders can still access popular stock options such as Apple, Microsoft, and Google, foreign currency pairs including EUR/USD and USD/JPY, indices like NASDAQ and S&P, commodities such as gold and crude oil, and even cryptocurrencies like Bitcoin and Ethereum.
Starlight Capital – Countries Of Service
It has been reported that Starlight Capital has been scamming traders from many countries. These countries are Australia, the United Kingdom, Israel, and Romania. Sadly, traders from these countries have fallen victim to the fraudulent practices of this broker, resulting in significant financial losses.
The company’s dubious activities have led to multiple complaints and negative reviews. It is crucial to exercise caution when considering using Starlight Capital’s services. Please do thorough research to ensure your safety. It’s highly advisable to look for reputable brokers with a history of transparency, compliance, and reliability.
Account Options Offered by Starlight Capital
To use Starlight Capital’s trading services, you must register and open an account with them, which is standard for any trading company. They offer 5 account options, catering to traders from different backgrounds. Registration is quick, involving only one form to complete. Once registered, you can explore the available account options.
- Micro – designed for beginners, demands a minimum deposit of €250.
- Basic – demands a minimum deposit of €2500.
- Gold – requires a minimum deposit of €10,000.
- Platinum – requires a minimum deposit of €50,000 and provides access to Platinum spreads.
- Finally, the VIP account has a minimum deposit of Invitation Only and includes VIP spreads.
Can a Trader Use a Demo Account?
Starlight Capital doesn’t offer demo trading accounts. A demo account is a useful tool for new traders to practice trading strategies without risking real money. It allows traders to enlighten themselves about the platform and understand how its features work.
Without a demo account, traders who are new to Starlight Capital won’t have the opportunity to test the waters before diving in with real money. However, you should proceed with caution.
Terms of Service for Starlight Capital
Starlight Capital’s terms of service are vague and do not provide much detail. The terms and conditions outline the legal agreement between the broker and the trader, including the rights and obligations of each party.
Nevertheless, with scarce information disclosed in the TOS, traders may be left wondering about the broker’s policies. This lack of transparency can be upsetting, and traders should carefully consider the risks.
Note: Both Starlight Capital and Bitsterzio have a record of deceiving their clients and operating as fake businesses. Keep this in mind to evade potential risks.
Leverage, Spreads, and Fees
The leverage here is 1:400. It is important to note that high leverage can magnify your gains but also your losses. In terms of fees, Starlight Capital charges a commission on trades, but the exact amount is not disclosed on their website.
It’s essential to carefully review the fees associated with trading with Starlight Capital. This is to ensure they align with your purposes. Keep in mind that dealing with suspicious brokers can be dangerous.
What to Do If You Encounter a Problem with Starlight Capital?
Starlight Capital is an unregulated broker that does not offer a demo account. It has a history of tricking clients and lacks top-tier regulation. It is critical to be aware of these things.
If you have any issues with Starlight Capital, reach out to their support or client services team for assistance. If the issue remains unresolved, you can file a complaint with the appropriate regulatory authority.
It’s a good idea to keep a record of all communications and documents related to the problem to support your case. And if you need further assistance, feel free to contact us.
What Is Starlight Capital?
Starlight Capital is an online brokerage firm that provides trading services for many financial instruments.
Is Starlight Capital a Regulated Broker?
No, Starlight Capital does not have any Tier 1 regulations, such as FCA, ASIC, or BaFin licenses.
Is Starlight Capital Available in the United States or the UK?
No, Starlight Capital is not available in the United States or the UK.
Does Starlight Capital Offer a Demo Account?
No, Starlight Capital does not deliver a demo trading account.